NZ manufacturing bounces back in September

Wed, 12 Oct 2016

By Sophie Boot Oct. 13 (BusinessDesk) - New Zealand manufacturing activity bounced back in September, lifting expansion levels after two consecutive months of softening expansion. The Bank of New Zealand-BusinessNZ performance of manufacturing index rose to a seasonally adjusted 57.7 in September, from 55.2 in August and 55.6 in July. A reading of 50 separates expansion from contraction and the latest reading is above the long-term average of 53.2, and the highest level of activity in the sector since January this year. New Zealand's m...

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